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May sales data was the hardest hit by the COVID pandemic as in-person showings were shut down or completely restricted from late March through April, when executed contracts would result in a May closing. As a result, May 2020 sales figures look like a horror flim, however, low sales didn't negatively affect prices in the slightest. Even through COVID, sellers weren't giving away properties, a…Read More
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We're finally seeing impacts from COVID-19 in the Northern Colorado real estate market, since most of the homes that were closed in April were those that went under contract in March near the beginning of shelter in place. During that time, in person showings were only possible once the home was under contract, somewhat putting the cart before the horse. I am certain there were hundreds of sel…Read More
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Well, it's been a wild month since all of Colorado has essentially been sheltered in place. You would think that real estate in the area would have slowly ground to a halt, however, people still need to both buy and sell real estate. As an industry, we have been unallowed to physically show property unless there was a contract on a home. That had buyers making decisions based off of virtual …Read More
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There is still plenty of fear and unknown in the Northern Colorado real estate market and we aren't entirely sure how things will play out in the region post-COVID. What we do know is that there has been a constant demand for Northern Colorado homes in the last decade and we don't expect that demand to slow. Every homebuyer has fears of buying at a financially unsettled time. The best we can…Read More
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By now, you're probably maxed out with COVID news, but I want to remind you a simpler time: February. Since we have a small lag in real estate reporting, due to data getting processed and uploaded to the masses, my statistics blogs always report the previous month. Now, deep into March, amid a stock market collapse, a worldwide pandemic and social distancing, we can see what real estate in Nor…Read More
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The new buzzword this week is "social distancing" as a state of emergency was declared nationwide to combat the spread of the COVID19 pandemic. Most schools are taking an extended spring break, some workers are being told to work remotely, all sports have been suspended and social gatherings of 250 or more people are frowned upon. Chances are, you're avoiding most social engagements, staying i…Read More
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The Corona Virus continues to dominate the headlines as fears of an all-out global pandemic have begun to impact worldwide economics and the stock market. With any abrupt change like this, it can have an eventual affect on the real estate market. Although the effect of the virus’ long lasting impact on the market is yet to be seen, here’s how it can change how (and when) real estate is bought …Read More
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Two of the three markets I cover started off at a much better clip than 2019, while one (Loveland) kept an equal pace with sales from the previous year. January, traditionally a pretty slow month, was just the opposite in Fort Collins and Greeley. It's usually a slower month because the closings we see in January are a result of homes going under contract between Thanksgiving and Christmas, a …Read More
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According to the National Association of Realtors, most homeowners are sticking in their current home longer than ever before. In fact, nationwide we have seen homeowner tenure increases of 3 years since 2008. With the most recent national data available, in 2018, homeowner tenure reached a median value of 13 years. 13 years without a move sounds like an incredibly long time without a move, …Read More
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In a hugely connected world full of gurus, Chip and JoJo’s, multi-level marketing businesses and social media influencers, there are plenty of people that have the appearance of getting rich quickly. Every generation has had their different schemes and fads in gaining wealth. Truth be told, there are plenty of people who work very hard, do the right things, and make it to the top. But the storie…Read More
